US demand to increase 9% annually through 2014Sales
of electronic security products and systems in the US are expected to
grow nearly nine percent per year to more than $17 billion in 2014.
Growth will be driven in large part by a strong cyclical rebound in
construction and capital investment spending from a low 2009 base,
following a period of economic contraction and a tight credit
environment. Ongoing technological improvements and falling prices are
also major factors in sales growth, motivating customers to upgrade
systems, and greater market penetration.
Access controls to continue growing at double-digit ratesThis study covers six categories of electronic security products: access controls, alarms, closed-circuit television (CCTV), contraband detection devices, electronic article surveillance (EAS) systems, and automotive and other security products. Access controls represent the largest and fastest growing product segment. Advances will be driven by interest in automating security, reducing the need for traditional alternatives such as keys and security personnel. market to market
Access controls to continue growing at double-digit ratesThis study covers six categories of electronic security products: access controls, alarms, closed-circuit television (CCTV), contraband detection devices, electronic article surveillance (EAS) systems, and automotive and other security products. Access controls represent the largest and fastest growing product segment. Advances will be driven by interest in automating security, reducing the need for traditional alternatives such as keys and security personnel. market to market
Industrial sector to be fastest growing marketThe
fastest growing market for electronic security equipment through 2014
will be the industrial sector, which includes manufacturing, mining and
construction, and utilities. The primary factor behind this growth is
the market’s cyclical recovery from a low 2009 base.
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